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CNN
Jan 14, 2013 1:00pm PST
're going to ignore. welcome to a new year of washington gridlock. >>> lance armstrong is apologizing. but what exactly is he admitting he's done wrong? >>> and suzy orman's joining us to explain why you'll have to spend less money this year, and what you need to do to make up for it. wolf blitzer is off today. i'm joe johns. you're in "the situation room." -- captions by vitac -- www.vitac.com >>> we begin with washington's latest standoff. during a white house news conference today, president obama told congressional republicans they will not, in his words, collect a ransom by demanding spending cuts as a condition for raising the debt ceiling. the house of representatives is back in session today, too, and republicans are just as adamant, insisting they won't raise the debt limit, unless the president goes along with spending cuts. let's go live to cnn white house correspondent brianna keilar. >> reporter: president obama stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow
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